Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- The ECB hiked rates by 25bps yesterday, as expected …
- President Lagarde indicated that the ECB will take a meeting-by-meeting approach to setting policy …
- The market reaction to the ECB decision was relatively muted …
- Elsewhere, oil prices fell overnight as President Trump claimed a peace deal had been agreed …
- Main pairs continued to trade within very narrow ranges …
- EUR/USD opens this morning in the top half of the $1.15-1.16 corridor …
- GBP/USD is up at the $1.34 mark …
- EUR/GBP remains in the lower half of 86-87p …
- Looking ahead to today, investors will be keeping a close eye on developments in the Middle East …
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